Book Image

Blockchain Quick Reference

By : Mariko Amekodommo, Brenn Hill, Samanyu Chopra, Paul Valencourt
Book Image

Blockchain Quick Reference

By: Mariko Amekodommo, Brenn Hill, Samanyu Chopra, Paul Valencourt

Overview of this book

Blockchain Quick Reference takes you through the electrifying world of blockchain technology and is designed for those who want to polish their existing knowledge regarding the various pillars of the blockchain ecosystem. This book is your go-to guide, teaching you how to apply principles and ideas for making your life and business better. You will cover the architecture, Initial Coin Offerings (ICOs), tokens, smart contracts, and terminologies of the blockchain technology, before studying how they work. All you need is a curious mind to get started with blockchain technology. Once you have grasped the basics, you will explore components of Ethereum, such as ether tokens, transactions, and smart contracts, in order to build simple Dapps. You will then move on to learning why Solidity is used specifically for Ethereum-based projects, followed by exploring different types of blockchain with easy-to-follow examples. All this will help you tackle challenges and problems. By the end of this book, you will not only have solved current and future problems relating to blockchain technology but will also be able to build efficient decentralized applications.
Table of Contents (24 chapters)

Bitcoin network

The network is based on a peer-to-peer (P2P) protocol. Various nodes exchange transactions and blocks in this network. Every node in this Bitcoin network is treated equally. One advantage of this is that each node has the option of taking different roles, depending on each person's preference on how they want to participate in the Bitcoin network.

Types of nodes

Before we discuss the types of nodes, let's discuss some of the primary functionalities that the nodes perform:

  • Wallet
  • Mining
  • Full blockchain
  • Routing

Majorly, there are two types of nodes in the Bitcoin network. We'll now go into some brief details on each.

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